Post-earnings, there is still enough juice in a premium selling play in GPRO to make it a worthwhile play to bridge the gap between earnings seasons (IVR/IV 58/75).
Now that the underlying is price at about $20, the only way to go is via short strangle:
Jan 15 15/26 short strangle for a 1.06 credit fill
POP%: 74%
Max Profit: $106
Buying Power Effect: ~$205
BE's: 13.94/27.06
Now that the underlying is price at about $20, the only way to go is via short strangle:
Jan 15 15/26 short strangle for a 1.06 credit fill
POP%: 74%
Max Profit: $106
Buying Power Effect: ~$205
BE's: 13.94/27.06